Brokerages Set Mercury Systems, Inc. (NASDAQ:MRCY) PT at $42.14

Shares of Mercury Systems, Inc. (NASDAQ:MRCY) have received an average rating of “Hold” from the eight analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $42.14.

Several research firms recently commented on MRCY. Truist Financial lifted their target price on shares of Mercury Systems from $35.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Robert W. Baird upgraded Mercury Systems from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $37.00 to $58.00 in a report on Wednesday, February 5th. Baird R W raised Mercury Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. The Goldman Sachs Group upped their price target on Mercury Systems from $25.00 to $28.00 and gave the company a “sell” rating in a research report on Thursday, January 16th. Finally, StockNews.com raised Mercury Systems from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th.

Institutional Investors Weigh In On Mercury Systems

Several institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC lifted its stake in Mercury Systems by 144.0% in the third quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock valued at $25,000 after buying an additional 393 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Mercury Systems by 43.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock valued at $62,000 after acquiring an additional 503 shares during the period. Sterling Capital Management LLC lifted its position in shares of Mercury Systems by 762.6% during the 4th quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company’s stock valued at $69,000 after acquiring an additional 1,449 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in Mercury Systems during the fourth quarter worth $75,000. Finally, Covestor Ltd grew its holdings in Mercury Systems by 41.2% in the third quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock worth $78,000 after purchasing an additional 620 shares during the period. Institutional investors own 95.99% of the company’s stock.

Mercury Systems Stock Down 2.6 %

Shares of NASDAQ:MRCY opened at $44.45 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.59 and a current ratio of 3.62. Mercury Systems has a 52-week low of $26.48 and a 52-week high of $52.25. The company has a market capitalization of $2.65 billion, a PE ratio of -28.49 and a beta of 0.79. The company has a fifty day moving average of $42.12 and a 200-day moving average of $38.95.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Mercury Systems had a negative return on equity of 2.03% and a negative net margin of 10.23%. On average, equities analysts predict that Mercury Systems will post -0.14 EPS for the current fiscal year.

About Mercury Systems

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.